Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. INVE Split History PALO ALTO, Calif., Mar. Inpixon invests in sports performance analytics company Game Your Game Inc. Inpixon acquires Visualix, AR, 3D reconstruction technology and spatial positioning technology, Inpixon acquires The CXApp, an industry leader in powering world-class digital workplace experiences, Inpixon acquires IntraNav GmbH, a leading industrial RTLS and sensor data service provider. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. The Company described its precarious financial condition as follows: Our financial statements as of December 31, 2016 and September 30, 2017 include an explanatory paragraph referring to our recurring and continuing losses from operations and expressing substantial doubt in our ability to continue as a going concern without additional capital becoming available. Explore all Inpixon supported hardware including tags, anchors, sensors and more. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. . ; The Inpixon 52-week low stock price is 1.58, which . We have a passion for innovation and we want everyone to know it through the work we do. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. This communication shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities or the solicitation of any proxy vote, consent or approval in any jurisdiction in connection with the Business Combination, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of any such jurisdictions. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. No. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. When a company such as Inpixon conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. We specialize in capturing, interpreting, and visualizing indoor data to make indoor spaces smarter, safer, and more secure.A multitude of industries and disciplines leverage our solutions to do good with indoor data. Irrelevance with younger people, United Airlines CEO warns 2023 will bring more disruptions for travelers, Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm, Inflation hit rural, Hispanic, and Black people harder for one key reason and a four-day workweek is less stressful and just as productive, Rapper Flo Rida awarded $82.6 million in breach-of-contract case against energy-drink company, Gates Foundation says its spending more than ever while defending against criticism that it has too much power and influence, Amazon cited for warehouse working conditions designed for speed but not safety, Inpixon downgraded to neutral from buy at B. 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Historical and current end-of-day data provided by FACTSET. In sum, the offering was unusually permissive in several areas, with the effect of providing advantages to the wall-crossed investors and disadvantages to the general public to an extent we havent seen before. Turn your data into intelligence with AI-powered analytics. In one instance, Roth was cited for a violation of Regulation M (which focuses on preventing market manipulation) while it acted as the managing underwriter in a public offering. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. I wrote this article myself, and it expresses my own opinions. The title alone should give investors insight into the author's opinion of the quality of that deal. ff): The Company further understands and acknowledges that (y) one or more Purchasers may engage in hedging activities at various times during the period that the Securities are outstanding, including, without limitation, during the periods that the value of the Warrant Shares deliverable with respect to Securities are being determined. Year-over-year quarterly sales growth most recently was -6.7%. The company's indoor location data platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi and Bluetooth devices. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. Touch device users, explore by touch or with swipe gestures. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. Readers are cautioned not to put undue reliance on forward-looking statements, and Inpixon, CXApp and KINS assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Long Island Iced Teas shares jumped more than 500% after, A medical devices company, changed its name from Bioptix Inc. to Riot Blockchain (. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. The $19 million in liabilities are broken down as $10 million in short term debt, $3 million in long-term debt and the balance in payables and other short term liabilities. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Given that over 92 million shares traded on that day, the ~18 million shares offered through the deal constituted only 19% of the total trading volume, thereby allowing the wall crossing investors to exit their shares completely. Please see Inpixon Basic Forecasting Models to cross-verify your projections. Game Your Game is a sports performance data analytics technology company predominantly focused on the golf industry, and its assets include multiple patents issued and pending. Benzinga does not provide investment advice. He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. I am not receiving compensation for it. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. Japans exports log 22nd straight month of growth in December, Elon Musk depicted as liar and visionary in Tesla tweet trial, The wine industrys biggest threat? Additionally, we look forward to expanding Games market and to exploring the synergies around Inpixon's and Game's technologies for positioning, maps, analytics and mobile apps. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. It has now fallen 3 days in a row. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program So someone who held 810,000 shares in February 2017 now has a grand total of 1 share. The Form S-1 to be filed by CXApp will include the Form S-4 filed by KINS, which will serve as an information statement/prospectus in connection with the spin-off of CXApp. I have no business relationship with any company whose stock is mentioned in this article. This news release contains forward-looking statements. The company shared the press release with multiple investors in advance. What's the bull case? The private placement was done as a registered direct offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. (Note that these numbers are prior to a later 30/1 reverse split.) Add to Watchlist. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. "We are very fortunate to have the opportunity to work with someone of Ricks stature and expertise and look forward to partnering with him on Game as well as benefiting from his support and advice for Inpixon," said Nadir Ali, CEO of Inpixon. They're an intrinsic part of our culture, from who we hire to how we work. These symbols will be available throughout the site during your session. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. Type a symbol or company name. Do Not Sell My Personal Information (CA Residents Only). INPX needs to be put into a situation where it either stands on its own two feet through positive cash flow from operations or raises capital with reputable non-vulture firms until a day that cash flow positive results are achieved. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. This alone would be a fairly mundane revelation given the number of similar stories at the time, but in Inpixons case, there was one unique factor: the blockchain press release was shared with a select group of investors in advance. share. Inpixon, KINS and CXApp and each of their respective directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies from KINS's stockholders in connection with the Business Combination. Through wall crossings companies are able to share MNPI with prospective investors to get feedback or gauge interest in a prospective deal without alerting the entire market to their proposals. card classic compact. By embracing curiosity and experimentation, we are constantly looking for new ways to innovate how things are done, for ourselves, our customers, and the world. I have no long or short position in INPX and likely never will. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. In particular we look for situations where companies may have any combination of (i) accounting irregularities (ii) bad actors in management or key service provider roles (iii) undisclosed related-party transactions (iv) or illegal/unethical business or financial reporting practices.Tips and feedback can be sent to info@hindenburgresearch.com. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Inpixon's results of operations, Inpixons ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixons technology, Inpixon's ability to maintain compliance with Nasdaqs minimum bid price requirement and other continued listing requirements, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. The balance sheet shows $500,000 in cash, $4.5 million in total current assets and $11 million in notes and receivables due from a related party that are booked as long-term assets (i.e. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. The entity last dividend was issued on the 7th of January 2020. Do Not Sell My Personal Data/Privacy Policy. Game is focused on the golf industry with a suite of products that serve golfers and golf facilities, with technology that has the capability to be leveraged in other sports. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Prior to the offering, Inpixon had only about 29 million shares outstanding as of January 5, 2018, suggesting that the offered shares represented a massive 62% increase in total common share count. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. Something went wrong while loading Watchlist. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. Discuss. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. The "Close/Last" is the adjust consolidated close price. 26, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence company, today announced it will acquire a controlling interest of the outstanding capital stock of Game Your Game Inc. ("Game" a.k.a., Game Golf) an app-based sports performance analytics firm using IoT sensors, maps and location technologies. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. This language gave a potential arbitrage profit to the purchasers because they could sell short Inpixons shares at any point above the warrants strike price and cover their short at a profit once the warrant registration became effective. For those traders new to the INPX story who might be confused as to what happened and are angry that they have steep losses just a couple of days into their investment, do not fear for you are not alone. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. We work hard to make people feel good about the work they do. Editor's Note: This article covers one or more microcap stocks. I am a private investor based out of Toronto, Canada and I have been investing since 2003. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. In addition to the latest reverse split, the company has undertaken the following since 2017: A 1-for-40 reverse split in November 2018, A 1-for-30 reverse split in February 2018. However, the same section of Reg FD that exempts securities offerings also notes that an issuer cannot avoid the prohibition against selective disclosure by simply registering an offering in order to evade the requirements of Reg FD. Details of this astronomically dilutive share sale were first revealed to investors at 8:46:09 a.m. on January 9, 2018 when the company filed its form 8-K with the SEC. It operates through the Indoor Positioning Analytics and Infrastructure segments. From April 26- October 24, 2022 to make compliance. Given the investment horizon of 90 days the next projected press release will be in about 9 days. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. You may even be wondering how we found this out. There are so many, it can't even be expressed concisely in an article. You see, Inpixon, with the help of its investment bank Roth Capital used a process called wall crossing to share the material non-public information (aka MNPI) with investors, who then purchased the discounted shares through a private placement offering. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. The screen captures below give you a taste with the word convertible highlighted. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. For the latest insights. We believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. Inpixon r/ INPX. Add to Portfolio. Please. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. not anticipated to be liquid any time soon and investors can come to their own conclusion on the legitimacy and appropriateness of this transaction given INPX's financial state) versus $19 million in total liabilities. From the liquidity section of its Q3 filing: The Companys capital resources as of September 30, 2019, availability on the Payplant facility to finance purchase orders and invoices in an amount equal to 80% of the face value of purchase orders received and funds from its revenue will not be sufficient to fund planned operations during the next twelve months from the date the financial statements are issued based on current projections. 8. The only way we are going to clean up the market of these bad actors and vulture financiers is if volume and interest in these stocks, even just from day traders, is completely eradicated. I am not receiving compensation for it (other than from Seeking Alpha). Visit our investor relations portal to be in-the-know on the latest information about our company. Presumably the other side of those trades included people who saw the exciting blockchain news and were hoping to take the stock for a ride. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. Having a healthy balance between your personal and professional life is important to us. By the end of the same period, the company had only $107,000 in cash compared with current accounts payable of almost $28 million and total current liabilities of almost $45 million. Here, purchasers in the direct offering were allowed to sell shares short and hedge their warrant exposure with minimal limitation (Pg. PALO ALTO, Calif., Oct. 6, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX) ("Inpixon" or the "Company"), the Indoor Intelligence company, today announced that the Company's Board of Directors has approved a consolidation of the Company's common stock whereby every seventy-five (75) shares of its outstanding common stock will automatically be combined into one (1) share of common stock. 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